Rensselaer Semi-Weekly Republican, Volume 40, Number 2, Rensselaer, Jasper County, 13 September 1907 — COMMERCIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERCIAL AND FINANCIAL

CHICAGO. Fall Operations have opened up under financial conditions without any immediate prospect of relief. September dividend payments afforded some loosening of money, although the effect was only temporary. The discount rate remain* firm at the highest cost -this season, but the offerings of paper by the manufacturing interests are less urgent and th» banks stand better prepared to meet the increasing withdrawals of eurrencf tomove crops. . Business generally shows no decided interruption in its leading activities, and consumption of raw and finished product* remains unabated. Heavy producers continue so well supplied with forward work it is not found necessary to curtail employment of machinery and labor. Much encouragement for the future i* drawn from agricultural advices indicating progress in harvesting and further advance in the corn growth throughout theprincipal surplus States. Mercantile collections in the West occasion little comment, and the default* are lower in numbers and liabilities. Wholesale markets show an exceptionally large attendance of visiting merchant*from the West and South, and the buying of fall and winter merchandise compares favorably witfi a year ago. Foreign demands caused increased activity in. grain and flour, and values have again risen to a new high average^for the leading breadstuffs, and there is also improved demand for provisions and livestock. Failures reported in the Chicago district numbered against 24 last week, and 17 a year ago.—Dun’s Review.

NEW YORK. The more cheerful tone of matters financial is reflected in the reports of expanding trade at large jobbing centers on fall account. Conservatism in buying is, however, still enforced by money market conditions, anj| purchases are not so large as they are numerous at many markets. Relatively the best reports; came from leading northwestern and southwestern centers, which apparently find crops turning out better than earlier anticipated. One feature desurying attention is the reported less noteworthy buying of complete new stocks of goods, which Is apparently a result of money conditions. Quite a few cities report trade as a whole ahead of the fall season of 1906, the crop outlook in those sections no doubt influencing buying. Collections show improvement in different localities, but as a whole are still slow. —- Bradstreet’s Report.